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- Newchip, an online accelerator promising to help startups, has filed for bankruptcy and is now facing insolvency amid employee and client discontent. Dozens of employees of the troubled organization staged a walkout on May 4, demanding that founder Andrew Ryan step down as CEO.
techcrunch.com/2023/05/19/this-austin-accelerator-made-big-claims-employee… - People also ask
WEBWe completed the interviews and were offered a spot in the next cohort of the Newchip accelerator. Really curious to hear honest feedback (good and bad) from other startup founders who completed the program, or who decided not to participate in the program. …
- Reviews: 13
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Newchip accelerator scam: Here's what I recommend to other …
- On paper, everything seemed great. Newchip had been active for more than 6 years, had tons of great press and said they had helped 5,000 early stage startups that graduated their program. Also, their business model was based on fees rather than equity, something that appealed to us. However, too many things bothered me. First of all, I never heard ...
Newchip Accelerator Reviews - Read 230 Genuine Customer …
WEBNewchip Accelerator is rated 4.6 based on 230 reviews. Newchip Accelerator has collected 230 reviews with an average score of 4.64. There are 222 customers that Newchip Accelerator, rating them as excellent.
- 5/5(230)
WEBMay 19, 2023 · Newchip, an online accelerator promising to help startups, has filed for bankruptcy and is now facing insolvency amid employee and client discontent. Dozens of employees of the troubled...
WEBNewchip has a rating of 4.5 stars from 58 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Newchip most frequently mention accelerator program. Newchip ranks 3rd among Entrepreneurship sites.
- 5/5(58)
WEBI think the general consensus around here if I remember other time people brought up NewChip was, if you have to pay, it’s essentially a scam. They reach out to practically every new startup with what seems to be an automated pitch.
WEBStatus: Unanswered. I'm a ***********-based, solo start-up founder; bootstrapped since 2015. December 2022:Accepted on Newchip's program, paid USD7,500 fees from dwindling savings, only to be...
WEBMay 25, 2023 · Questionable Marketing Claims. Newchip cited $2.25B in funding for graduates but few founders credited Newchip for their success. Success metrics seemed generic and misleading. Most founders ...
The Newchip Accelerator: What I learned about the program from …
WEBDec 2, 2021 · Unlike many other accelerators, Newchip’s program doesn’t take equity up-front. However, while they sell themselves as “equity free,” they do have an equity option. There are two parts of “payment” to consider with Newchip. 1) the cash portion and 2) the optional warrant.
Accelerator review: Newchip - an equity-free option for startup ...
WEBJun 23, 2022 · Newchip Accelerator is a startup accelerator focused on founders who want to raise funding for their businesses. Like all startup accelerators, it has four main components: it’s a fixed-term, cohort-based, mentorship-focused program that culminates with a demo day.
Accelerator - Newchip : r/Entrepreneur - Reddit
WEBQuestion? Does anyone have much experience or know much about Newchip Accelerator? I’ve been offered a place on their course - there’s a few but I’ll make that up in various credits pretty quickly.
Newchip Collapse: A Cautionary Tale About Startup Accelerator
WEBJun 15, 2023 · The harsh truth is that Newchip, despite boasting of helping its graduates bag $2.25B in funding, left many founders feeling short-changed. Some even went as far as to brand it a scam, a chilling reminder that all that glitters isn't gold in …
Is Newchip Accelerator Legit? - According to Kyle Croyle
WEBNewchip Accelerator has a 4.6 average rating from 230 reviews. NewChip has been a phenomenal experience. The tools have been invaluable, the people are always there to help with considerable expertise, and the cirriculum has been eye-opening. Highly regard this experience and recommend it for any entrepreneur.
Newchip accelerator goes bankrupt - this is how they tried
WEBMay 17, 2023 · In August 2022 I was approached by a sales manager from Newchip - an accelerator program claiming to have helped over 5000 startups globally. The sales guy told me he found our startup...
They thought they were joining an accelerator - TechCrunch
WEBMay 2, 2024 · When the now-defunct Austin accelerator Newchip filed for bankruptcy, founders learned that warrants into their startups were being sold off.
REVIEWS: Newchip Accelerator - Hucksters
WEBMany of us former Newchip employees believe we couldn’t get the company registered as an investment broker because of Ryan’s shady past. In fact, if there is an official government audit into Newchip’s finances, the whole house of cards will collapse and Ryan will most likely go to jail.
Austin startup accelerator Newchip collapses - Austin Business …
WEBMay 12, 2023 · Despite its history of connecting entrepreneurs with startup capital — Newchip's website boasts that it works with investors at Elevate Capital, DreamIt and others — the accelerator's finances...
The Rise and Fall of Newchip Accelerator | by DC Palter ...
WEBMay 13, 2023 · Newchip rivaled Y-Combinator as one of the largest startup accelerators. But on May 11, it was ordered shut down by a bankruptcy judge amidst recriminations by the founder and ex-employees.
Thoughts on Accelerators (Especially Newchip) - Indie Hackers
WEBOct 25, 2019 · I talked to Newchip about it as they had experience in crowdfunding and were experts there and they advised that most of the Reg A’s were spending hundreds of thousands in marketing and were doing really poorly in the market.
Newchip’s bankruptcy serves as a cautionary tale to founders
WEB5 days ago · When Newchip, an online accelerator promising to help startups, filed for Chapter 11 bankruptcy in March 2023, it was revealed that the company had just $1.7 million in assets and $4.8 million in...
The Rise and Fall of Newchip Accelerator - Must Read - LinkedIn
WEBOne of the biggest startup accelerators is being liquidated. Was it a scam or just another failed startup? DC Palter wrote an excellent article on NewChip.
Is this startup accelerator a scam? | Hacker News
WEBBy all accounts, yes they are a SCAM. They may have good intentions, not sure. I talked to them, then talked to a "graduate" I happened to know. They will teach you basic stuff about raising a round, not about building a business or something people love.
ASTRALABS Under Andrew Ryan's Leadership Prevails in Final …
WEBFeb 8, 2024 · ARVC exercises majority control over ASTRALABS, which in turn fully owns Newchip and its extensive investment portfolio.
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